Saturday, February 19, 2011

Technical Analysis Feb 2011: SUPERMX (7106)


Observation From Chart:-

SUPERMAX seem like forming symmetrical triangle.

If able break up the triangle, it will retest RM4.82 resistant level & RM5.00 psychology level.

Most analysts will take a position once the price breaks through the top line of the triangle with increased volume.

As 18 Feb 2011, it closed above MA100 level.
Stochastic %K been trigger buy call on 17 Feb 2011.
MACD going bullish crossover & might trade above positive region soon.

What do you think?
Will it breaks through the top line?
Let watch closely.

Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!


Post a Comment